
SOURCE: Phillips 66
July 30, 2024
BY Erin Voegele
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Neste Corp.’s renewable products segment experienced a significant increase in earnings during the first quarter of 2026 despite lower production volumes. The increase is attributed to stronger term sales premiums and surging fossil fuel prices.
Valero Energy Corp. on April 30 released first quarter financial results, reporting a profitable three-month period for both its ethanol segment and Diamond Green Diesel joint venture, which produces renewable diesel and SAF.
PBF Energy Inc. on April 30 announced the St. Bernard Renewables facility produced approximately 16,700 barrels pe day of renewable diesel during the first quarter of 2026, up from 10,000 barrels per day during the same period of last year.
Vanguard Renewables on April 28 announced the completion of three renewable natural gas (RNG) facilities, marking a significant milestone in the company's mission to transform food waste into a scalable solution for a more diversified energy future.
Kentucky Gov. Andy Beshear on April 27 signed legislation that creates a tiered tax credit for SAF that allows taxpayers to claim up to $3 per gallon in incentives. The credit is slated to be in effect from Jan. 1, 2029, through the end of 2034.